/KASE, September 6, 2024/ – Tengri Partners Investment Banking
(Kazakhstan) JSC (Almaty) has provided Kazakhstan Stock Exchange (KASE)
with S&P Global PMI reviews of the manufacturing and service sectors of
Kazakhstan for August 2024.
Below are comments of Andrew Harker, Economics Director at S&P Global
Market Intelligence, and Maryam Baluch, Economist at S&P Global Market
Intelligence.
- Kazakhstan's manufacturing PMI:
"Buoyant demand spread through the manufacturing sector in August,
culminating in a record expansion in employment and the most marked
improvement in the health of the sector since the survey began in March 2019.
Although there are some doubts among firms that growth will continue at current
levels, we should hopefully at least see the expansion in the sector settle at a
sustainable pace over the months ahead".
- Kazakhstan's services PMI:
"The Kazakh service sector showed signs of weakness as the third quarter of the
year progressed, as demand conditions deteriorated and firms struggled to raise
their activity levels.
"However, if the fractional decline in new orders can be reversed in the coming
months, it will help to support growth in activity through the remainder of the year.
Moreover, price pressures remained at bay, despite creeping up again on the
month. A subdued inflationary environment will also aid expansions. Lastly,
Kazakh service providers felt more optimistic regarding the year ahead outlook
for activity".
The reviews are available on KASE website:
-
https://kase.kz/ru/pmi-indicator/ – in Russian;
-
https://kase.kz/en/pmi-indicator/ – in English.
[2024-09-06]